Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
Bank branches fall in 2016, degree of concentration highest in EU
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
Eurobank stays profitable in Q1 with net earnings of 36.5 mln
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
The consideration of the transaction stands at 718.3 million implying a total enterprise value of 958 million. NBG will retain a 25 percent share in Ethniki Insurance, which will remain its exclusive bancassurance provider under a new ten-year partnersh...
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